secwatch.observer — SEC 8-K summary
======================================

Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2026-05-12T20:01:30+00:00
Accession:  0001193125-26-219334
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D Q1 revenue $13.8M, up 48% YoY; net loss -$7.0M; reaffirms FY26 outlook $60-70M
--------------------------------------------------------------------------------

- Revenue $13.8M, up 48% YoY from $9.3M; GAAP gross margin 17.2% vs 7.5%.
- GAAP net loss -$7.0M (EPS -$0.28) vs -$25.0M (-$1.87); non-GAAP net loss -$5.1M (-$0.20).
- Reaffirms FY26 revenue outlook $60M-$70M; expects positive EBITDA in H2 2026.
- Appointed Jim Suva as CFO; closed April 2026 registered direct offering of 3.57M shares for ~$50M gross.
- Awarded $9.8M IDIQ contract with Defense Logistics Agency for JAMA program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000119312526219334/0001193125-26-219334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000119312526219334/velo-20260512.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-219334

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer